If any of these dolts had ever studied economics they would have been schooled in the laws of supply and demand. Once there are very few people painting houses (or fixing things) the cost of those labor services will be much higher. I wouldn't be surprised to see entry level white collar professionals with BA or even MBA making under $60K while painters are doing much better and enjoying lives with less stress.
We're there already. One of the last places I worked at was hiring newly minted MBAs to work the phones for 10-14 bucks/hour.
VP in charge of the department loved it, said that she was getting great quality work for the same price she was paying a few years ago. And, she could promote from within a whole lot easier, because the internal pool was so much better.
I was considering getting an MBA, that conversation help me decide to skip it. :-)